The UK independent energy regulator Ofgem has announced a 13% increase of the energy price cap for a dual fuel bill for the period from 1 July to 30 September 2026 due to higher wholesale gas prices (+28% over the past three months), caused by the ongoing conflict in the Middle East (Ofgem press release, 27/05/2026).
Customers will see a price increase of around 5% on their electricity bills compared to gas bills, which are rising by 24% The current price cap for a typical household paying by direct debit for gas and electricity will increase from GBP1,641 (EUR1,895) to GBP1,862 (EUR2,150). Currently, 40% (22 million) of accounts are fixed tariffs and are therefore unaffected by this price rise.